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Government prepares tax breaks

Updated on 16 November 2008

By Katie Razzall

Tax cuts for low income families and extra public spending are forecast in the government's pre-budget report.

Gordon Brown hinted at the fiscal giveaway on November 24 after the G20 group of nations pledged to work together to "restore global growth".

But support for a so-called fiscal stimulus was only one small part of the 3,000 word joint statement from the leaders of the world's most important economies.

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